M&A Deal Summary

CVF Capital Partners, Socius Capital and Tech Industries Acquire Precision Machine & Manufacturing

On March 17, 2014, mezzanine finance firm CVF Capital Partners, private equity firm Socius Capital and Tech Industries acquired machinery company Precision Machine & Manufacturing

Acquisition Highlights
  • This is CVF Capital Partners’ 1st, Socius Capital’s 1st and Tech Industries’ 1st transaction in the Machinery sector.
  • This is CVF Capital Partners’ 14th, Socius Capital’s 3rd and Tech Industries’ 1st transaction in the United States.
  • This is CVF Capital Partners’ 2nd, Socius Capital’s 1st and Tech Industries’ 1st transaction in Oregon.

M&A Deal Summary

Date 2014-03-17
Target Precision Machine & Manufacturing
Sector Machinery
Buyer(s) CVF Capital Partners
Socius Capital
Tech Industries
Deal Type Buyout (LBO, MBO, MBI)

Target

Precision Machine & Manufacturing

Eugene, Oregon, United States
Precision Machine & Manufacturing is a designer and manufacturer of precision rotary valves, feeders, and screw conveyor material handling systems and components. Precision Machine & Manufacturing was founded in 1977 and is based in Eugene, Oregon.

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Buyer(S) 3

Buyer

CVF Capital Partners

Davis, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

CVF Capital Partners is a private investment firm created to provide growth capital for small to mid-sized businesses located in the California Central Valley. CVF looks to commit $3 to $15 million of capital in the form of mezzanine debt to companies with revenues of 5 million, and at least $1 million of cash-flow. CVF funds are generally used to support business expansions, acquisitions, or to refinance. CVF was formed by the principals of Gael Partners. CVF Capital Partners was founded in 2005 and is based in Davis, California.


DEAL STATS #
Overall 14 of 29
Sector (Machinery) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 5 of 6
State (Oregon) 2 of 2
Country (United States) 14 of 29
Year (2014) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-07 Quest Discovery Services

San Jose, California, United States

Quest Discovery Services provides document acquisition, duplication, and distribution solutions to law firms and insurance companies. From subpoena preparation and service to online order and record management to large volume reproduction and photoduplication to court reporting to Bates numbering, and rush delivery. Quest Discovery Services is based in San Jose, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-05 Pioneer Recycling Services

Tacoma, Washington, United States

Pioneer Recycling Services is an operator of non-hazardous recycling and solid waste company in the Pacific Northwest. Pioneer Recycling’s collections centers focus on providing reliable environmental services and solutions for commercial, industrial, municipal, and residential customers. Pioneer Recycling Services was founded in 2014 and is based in Tacoma, Washington.

Buy -
DESCRIPTION

Socius Capital is lower middle-market private equity investor that targets stable, profitable businesses in the manufacturing, distribution, and services sectors. The Firm prefers opportunities in the Southern US with recurring business models, defensible barriers to entry, and non-cyclical revenue. Transaction situations include management buyouts, recapitalizations, shareholder liquidity needs, and growth capital financings. Socius Capital is based in Ketchum, Idaho.


DEAL STATS #
Overall 3 of 5
Sector (Machinery) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 3
State (Oregon) 1 of 2
Country (United States) 3 of 5
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-02 Wazee Electric

Denver, Colorado, United States

Wazee Electric is a provider of motor, generator, wind and industrial crane services to diverse end markets including oil and gas, wind, agriculture, material handling and construction.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-05 Pioneer Recycling Services

Tacoma, Washington, United States

Pioneer Recycling Services is an operator of non-hazardous recycling and solid waste company in the Pacific Northwest. Pioneer Recycling’s collections centers focus on providing reliable environmental services and solutions for commercial, industrial, municipal, and residential customers. Pioneer Recycling Services was founded in 2014 and is based in Tacoma, Washington.

Buy -
Buyer

Tech Industries

Kansas City, Montana, United States

Category Company
Sector Aerospace
DESCRIPTION

Tech Industries LLC is a manufacturer and supplier of complex structural components and major sub-assemblies for airframe manufacturers.


DEAL STATS #
Overall 1 of 2
Sector (Machinery) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Oregon) 1 of 1
Country (United States) 1 of 2
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-17 Precision Components

Owasso, Oklahoma, United States

Precision Components Co. LLC is a manufactures of components for aerospace engine.

Buy -